SigmaWay Blog

SigmaWay Blog tries to aggregate original and third party content for the site users. It caters to articles on Process Improvement, Lean Six Sigma, Analytics, Market Intelligence, Training ,IT Services and industries which SigmaWay caters to

Artificial Intelligence: A boon or a bane for employment

Destroying traditional jobs but creating new ones, technical innovations have changed the course of work over the years. The Industrial Revolution of the 18th century marked the transition to new manufacturing processes, effectively increasing the output levels and discovering the modern industrial marvels. With AI improving the standard of living, the current and future generations are likely to witness taxing employment pattern changes.

AI would change the future of work by bringing about the following changes:

1)      Create new jobs: Tasks requiring the least of the human cognitive mind would be dealt with the application of modern AI powered robotics allowing individuals to devote their time to community services, volunteering etc.

2)      Bring Automation: A research carried out by Carl Benedikt Frey and Michael Osborne of Oxford University in 2013 reported that approximately 47% of jobs would be automated in the next few decades with non-routine jobs and tasks requiring  high cognitive and good social skills having the lowest probability of being automated compared to a greater probability involved in automation of manual jobs and routine jobs like data entry, production logistics etc.

3)      Increase the gap between the owner and the worker: AI is likely to widen the gap between high skilled and low skilled workers and also increase the persistent inequality between the owner and the workers by laying off workers that would inflate the profit margin of the owners as robots and chat-bots would not demand overtime allowances.

Gartner, the global research and advisory firm, reported that AI is creating more jobs than it is destroying by bringing about a net increase of nearly 2 million jobs by 2025. The core objective of AI should be to make human workers more efficient without laying them off. AI coupled with human intelligence is all set to revolutionize the economy we inhabit.

Read More at:


Rate this blog entry:
Garbage In is Garbage Out in Data Sciences!
Life saving Artificial intelligence


No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Thursday, 01 October 2020
If you'd like to register, please fill in the username, password and name fields.

Sigma Connect

sigmaway forums


Raise a question

Access Now

sigmaway blogs


Blog on cutting edge topics

Read More

sigmaway events


Hangout with us

Learn More

sigmaway newsletter


Start your subscription

Signup Now

Sign up for our newsletter

Follow us